
The fiscal drag hits lower- and middle-income earners the hardest. We call on the Government to unfreeze income tax thresholds and index them to inflation. We believe this will make the tax system fair, let workers keep a fairer share of their earnings, boost the economy, and help families.
Rachel Reeves
Chancellor
Increase the Personal Allowance to £16,000 and link it to inflation
Remove taxes on personal savings & private pensions
Replace income tax with a flat, standard annual payment
Raise the income tax personal allowance from £12,570 to £20,000
Limit council tax increases to the lowest of either inflation or 5%
The fiscal drag hits lower- and middle-income earners the hardest. We call on the Government to unfreeze income tax thresholds and index them to inflation. We believe this will make the tax system fair, let workers keep a fairer share of their earnings, boost the economy, and help families.
Increase the Personal Allowance to £16,000 and link it to inflation
Remove taxes on personal savings & private pensions
Replace income tax with a flat, standard annual payment
Raise the income tax personal allowance from £12,570 to £20,000
Limit council tax increases to the lowest of either inflation or 5%